Thursday, February 20, 2014

HFF secures $34 .8 million acquisition financing for 26-building industrial portfolio in northern New Jersey


Jon Mikula
FLORHAM PARK, NJ – HFF announced today that it has secured a $34.8 million acquisition financing for a 26-building industrial portfolio totaling 926,200 square feet in Fairfield and Little Falls, New Jersey.

               Working on behalf of The Hampshire Companies, HFF placed the six-year, fixed-rate loan with Principal Real Estate Investors.

The portfolio is 96 percent leased to a diverse mixture of tenants with no single tenant occupying more than seven percent of the portfolio.  The offering is situated near major New Jersey transportation corridors including Routes 46 and 3, Interstates 280 and 80 and the New Jersey Turnpike.

               The HFF team representing The Hampshire Companies was led by senior managing director Jon Mikula and director Michael Klein.

               “Principal provided the borrower with a very attractive rate and structure that best met the client’s needs and was able to quickly get their arms around a complex transaction,” said Mikula. 

Michael Klein
“With 26 properties and 57  tenants, our objective was to find a lender who already understood the market and asset type, ISRA compliance associated with the acquisition of industrial properties and be able to move fast enough to enable The Hampshire Companies to close on the acquisition with debt in place,” added Klein.

The Hampshire Companies is a full-service, private real estate firm with equity in assets valued at more than $2.5 billion, based in Morristown, New Jersey. 

The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments.

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


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